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Complete this question by entering your answers in the tabs below. How many shares of common stock were outstanding and issued at the end of the period? Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Exercise 11-14A (Algo) Effect of cash dividends on financial statements LO 11-6 On May 1, Year 1, Love Corporation declared a $61,000 cash dividend to be paid on May 31 to shareholders of record on May 15. Required: Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require input. Complete this question by entering your answers in the tabs below. How many shares of common stock were outstanding and issued at the end of the period? Organize the transactions data in accounts under the accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Prepare the stockholders' equity section of the balance sheet reflecting these transactions. Exercise 11-14A (Algo) Effect of cash dividends on financial statements LO 11-6 On May 1, Year 1, Love Corporation declared a $61,000 cash dividend to be paid on May 31 to shareholders of record on May 15. Required: Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require input